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20121202
20121210
Search Results 0 to 5 of about 6 (some duplicates have been removed)
ever going to stop the tax increase. economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were so discouraged in november they simply stopped looking for work and left the labor force, which is why the unemployment rate dipped to 7.7%. >> raising taxes on small businesses is not going to help our economy and it's not going to help those seeking work. i came out the day after the election to put revenues on the table. take a step toward the president to try to resolve this. when he is going to take a step toward us? >> analysts say anxiety over the higher taxes from fiscal crisis is a reason that consumer confidence plunged in december. thompson reuters dropped to 74.5 in the consumer sentiment, lowest level since august. vice president countered that business leaders are telling him the economy will take off if there is a fiscal cliff deal. >> they have over $1 trillion out there to invest. if they think that the economy is goin
the waiting game to see if country and the president take the economy off the fiscal cliff, president obama says he will not play the debt ceiling game again. but he is taking a few more shots in the public relations game. turning the screws on republicans, a little bit more. chief white house correspondent ed henry starts us off tonight. >> reporter: finally the blame for stalled budget talks on republicans, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own meeting with small business ow
. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view make permanent tax cuts for 98% of the american people. >> the president would like to see it done tomorrow and would sign it right away. >> they will put for ending deduction and closing loopholes. >> republicans move a great deal. who was the first person after the election was the speaker who went down and provided the re-knew. >> they blasted the proposal to limit deductions to tell bloomberg television it's unrealistic. >> that means every hospital and university and non-for profit, the agency. across the country would find themselves on the verge of collapse. >> they had a different view when he proposed to limit not eliminate c
this one. that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican claims that holding the debt limit over the president head is the only mechanism to get him to trim spending. >> you are going to keep the debt limit goes higher and you're spending money. you and congress. >> president signed in law, $1 trillion in spending cuts. there is a specific proposal to achieve $600 billion in savings from our entitlement programs. including our healthcare entitlement program. jay carney went so far to compare republican pressure on debt creeling to hostage taking. >> this is a profoundly bad idea that i think could not be more frightening for american businesses. and american workers. >> of course, treasury secretary geithner it go may have also frightened people yesterday. by telling c
. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time to figure out their position. >> trying to figure out how to find a way to support things that they know they will have to do. it will be hard for them. >> the new republican offer, however, adds a new link to that. there is another reason some democrats might want to let the fiscal cliff happen. they might try to separate out any changes to entitlements such as medicare, which the president agreed to consider and many on the left vigorously opposed. >> the thing that is driving the horrendous deficit and debt problem are the federal healthcare programs. medicare, medicaid, tri care and related medical health programs. >> future deficits only make tax cuts even more contentious. any bill that permanently increases the deficit requires 60 votes in the senate. and these days, anything with the word "tax" in it, makes it hard to round up 60 votes. bret? >> bret: definitely. jim, thank you
Search Results 0 to 5 of about 6 (some duplicates have been removed)